US to probe proposed French tech tax, concerned it ‘unfairly targets American companies’

U.S. President Donald Trump on Wednesday ordered an investigation into France’s planned tax on technology companies, a probe that could lead to the United States imposing new tariffs or other trade restrictions. “The United States is very concerned that the digital services tax which is expected to pass the French Senate tomorrow unfairly targets American companies,” U.S. Trade Representative Robert Lighthizer said in a statement announcing the investigation. The move gives Lighthizer up to a ye


U.S. President Donald Trump on Wednesday ordered an investigation into France’s planned tax on technology companies, a probe that could lead to the United States imposing new tariffs or other trade restrictions. “The United States is very concerned that the digital services tax which is expected to pass the French Senate tomorrow unfairly targets American companies,” U.S. Trade Representative Robert Lighthizer said in a statement announcing the investigation. The move gives Lighthizer up to a ye
US to probe proposed French tech tax, concerned it ‘unfairly targets American companies’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11
Keywords: news, cnbc, companies, companies, tech, targets, probe, tax, technology, concerned, frances, united, french, lighthizer, digital, unfairly, states, american, investigation, proposed, trade


US to probe proposed French tech tax, concerned it 'unfairly targets American companies'

U.S. President Donald Trump on Wednesday ordered an investigation into France’s planned tax on technology companies, a probe that could lead to the United States imposing new tariffs or other trade restrictions.

“The United States is very concerned that the digital services tax which is expected to pass the French Senate tomorrow unfairly targets American companies,” U.S. Trade Representative Robert Lighthizer said in a statement announcing the investigation.

The move gives Lighthizer up to a year to investigate if France’s digital tax plan would hurt U.S. technology companies.

The “Section 301” investigation will determine if the levy poses an unfair trade practice. Prior investigations have covered Chinese trade practices and European Union subsidies on large commercial aircraft.


Company: cnbc, Activity: cnbc, Date: 2019-07-11
Keywords: news, cnbc, companies, companies, tech, targets, probe, tax, technology, concerned, frances, united, french, lighthizer, digital, unfairly, states, american, investigation, proposed, trade


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Cramer: Target’s Q1 shows it has a recipe to beat Amazon and win in retail

Target’s nascent delivery service and small-format stores have produced results “nothing short of astounding,” CNBC’s Jim Cramer said. “They’ve figured out to beat all their opponents, from Walmart to Amazon to everyone inside and outside the mall, ” Cramer said. Target was able to boost traffic during a time when many retailers blamed unfavorable weather for weaker sales, Cramer said. Last year Target acquired personal shopping and delivery service Shipt for $550 million. Half of Target’s onlin


Target’s nascent delivery service and small-format stores have produced results “nothing short of astounding,” CNBC’s Jim Cramer said. “They’ve figured out to beat all their opponents, from Walmart to Amazon to everyone inside and outside the mall, ” Cramer said. Target was able to boost traffic during a time when many retailers blamed unfavorable weather for weaker sales, Cramer said. Last year Target acquired personal shopping and delivery service Shipt for $550 million. Half of Target’s onlin
Cramer: Target’s Q1 shows it has a recipe to beat Amazon and win in retail Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: tyler clifford
Keywords: news, cnbc, companies, delivery, targets, target, q1, company, shows, cramer, sales, retail, beat, told, win, recipe, stores, service, amazon


Cramer: Target's Q1 shows it has a recipe to beat Amazon and win in retail

Target’s nascent delivery service and small-format stores have produced results “nothing short of astounding,” CNBC’s Jim Cramer said.

The “Mad Money” host applauded CEO Brian Cornell and Target leadership after the company’s fiscal first-quarter report, released Wednesday morning.

“They’ve figured out to beat all their opponents, from Walmart to Amazon to everyone inside and outside the mall, ” Cramer said.

Same-store sales grew 4.8% and digital sales surged 42% during the three-month period ended May 4. Target was able to boost traffic during a time when many retailers blamed unfavorable weather for weaker sales, Cramer said.

The retail giant’s investments in both same-day distribution and smaller store sizes are showing signs of success.

Last year Target acquired personal shopping and delivery service Shipt for $550 million. Customers can order and receive their items within hours from 1,500 locations across 250 markets, Cramer said. Curbside pickup is also available at 1,250 shops.

Half of Target’s online sales during the quarter were through same-day channels — both Shipt delivery or curbside pickup, the host said. That’s up from 28% during the same period the year prior.

“Shipt is a subscription service that costs $99 a year. You know, it’s a lot like Amazon Prime, but you know what I could argue it’s cheaper and better,” Cramer said. “Target’s gutsy decision to make its stores the centerpiece of the fulfillment system — a lot of people questioned that one — brilliant move.”

Target also began scaling its small-store model in 2018 to reach customers in urban regions and draw young shoppers into its buildings. The big-box chain has plans to open 130 of these brick-and-mortar establishments — usually about 40,000 square feet compared to its traditional 100,000-plus-square-foot stores — by the end of 2019.

The move has made Target “fun” to visit, Cramer said.

“Whenever I go somewhere new, I always hope I’ll run into a Target, especially that small-format one,” he said.

Amazon Go’s cashierless store model is “a terrific novelty, quite intimidating by the way, but I much prefer going into the Targets to see what they have that I might not be looking for.”

On the company’s Wednesday morning earnings call, CEO Cornell told shareholders the company made “bold changes” in past years that “explicitly focused on taking a different path than our competition,” as most retailers downsize their footprints.

He later told analysts that “you’re seeing the emergence of winners who have been investing in their business, that are adapting to this new omni-channel environment.”

Cramer said it’s no surprise that the stock surged 7.78% during the session.

Target estimates fiscal second-quarter comparable sales growth will land in the low- to mid-single digit range. The company is projecting adjusted earnings per share in the range of $1.52 to $1.72. The company projects full-year EPS between $5.75 and $6.05.

Disclosure: Cramer’s charitable trust owns shares of Amazon.


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: tyler clifford
Keywords: news, cnbc, companies, delivery, targets, target, q1, company, shows, cramer, sales, retail, beat, told, win, recipe, stores, service, amazon


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New wire fraud scam targets your direct deposit info paycheck

Around two or three times per month, KVC Health Systems, a mid-sized non-profit agency for child welfare based in Kansas City, receives phishing emails from criminals with the goal of re-routing an employee’s paycheck by direct deposit. The emails look legitimate at first, as though they come from the CEO, CFO or payroll director. “They might just say, ‘I need to update my direct deposit information,'” said Erik Nyberg, director of information technology at KVC. KVC has had a few near-misses, Ny


Around two or three times per month, KVC Health Systems, a mid-sized non-profit agency for child welfare based in Kansas City, receives phishing emails from criminals with the goal of re-routing an employee’s paycheck by direct deposit. The emails look legitimate at first, as though they come from the CEO, CFO or payroll director. “They might just say, ‘I need to update my direct deposit information,'” said Erik Nyberg, director of information technology at KVC. KVC has had a few near-misses, Ny
New wire fraud scam targets your direct deposit info paycheck Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: kate fazzini
Keywords: news, cnbc, companies, fraud, deposit, paychecks, paycheck, phishing, version, targets, emails, wire, information, stolen, payroll, scam, direct, kvc, info


New wire fraud scam targets your direct deposit info paycheck

Around two or three times per month, KVC Health Systems, a mid-sized non-profit agency for child welfare based in Kansas City, receives phishing emails from criminals with the goal of re-routing an employee’s paycheck by direct deposit.

The emails look legitimate at first, as though they come from the CEO, CFO or payroll director.

“They might just say, ‘I need to update my direct deposit information,'” said Erik Nyberg, director of information technology at KVC. “Or they start with, ‘Hey, do you have a second?’ and if that target person responds, then they go from there.”

The fake emails defy many existing controls for malicious communications, he said. They are usually well-written, cordial and lack the misspellings, grammar mistakes and exclamation points that would trigger many popular email filters that search for spam or phishing attempts.

The scammer is trying to convince human resources personnel to change the bank account and routing information the employee uses to have paychecks direct-deposited. Once routed to the criminal’s account, the company is on the hook for replacing the stolen funds and the employee faces the inconvenience of a late paycheck. KVC has had a few near-misses, Nyberg said, but has not transferred any paychecks to scammers.

It’s a new version of wire fraud scams that have devastated businesses in recent years, and a more focused version of a series of payroll fraud crimes that the Internal Revenue Service warned late last year were on the rise. The fraud is growing, experts said, because it easily bypasses many existing technical controls, and the small sums stolen are inoffensive enough that they can be folded into the cost of doing business.


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: kate fazzini
Keywords: news, cnbc, companies, fraud, deposit, paychecks, paycheck, phishing, version, targets, emails, wire, information, stolen, payroll, scam, direct, kvc, info


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New wire fraud scam targets your direct deposit info paycheck

Around two or three times per month, KVC Health Systems, a midsize nonprofit agency for child welfare based in Kansas City, receives phishing emails from criminals with the goal of rerouting an employee’s paycheck by direct deposit. The emails look legitimate at first, as though they come from the CEO, CFO or payroll director. “They might just say, ‘I need to update my direct deposit information,'” said Erik Nyberg, director of information technology at KVC. KVC has had a few near misses, Nyberg


Around two or three times per month, KVC Health Systems, a midsize nonprofit agency for child welfare based in Kansas City, receives phishing emails from criminals with the goal of rerouting an employee’s paycheck by direct deposit. The emails look legitimate at first, as though they come from the CEO, CFO or payroll director. “They might just say, ‘I need to update my direct deposit information,'” said Erik Nyberg, director of information technology at KVC. KVC has had a few near misses, Nyberg
New wire fraud scam targets your direct deposit info paycheck Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: kate fazzini
Keywords: news, cnbc, companies, wire, info, deposit, targets, version, phishing, paychecks, fraud, direct, kvc, stolen, emails, payroll, scam, information, paycheck


New wire fraud scam targets your direct deposit info paycheck

Around two or three times per month, KVC Health Systems, a midsize nonprofit agency for child welfare based in Kansas City, receives phishing emails from criminals with the goal of rerouting an employee’s paycheck by direct deposit.

The emails look legitimate at first, as though they come from the CEO, CFO or payroll director.

“They might just say, ‘I need to update my direct deposit information,'” said Erik Nyberg, director of information technology at KVC. “Or they start with, ‘Hey, do you have a second?’ and if that target person responds, then they go from there.”

The fake emails defy many existing controls for malicious communications, he said. They are usually well written, cordial and lack the misspellings, grammar mistakes and exclamation points that would trigger many popular email filters that search for spam or phishing attempts.

The scammer is trying to convince human resources personnel to change the bank account and routing information the employee uses to have paychecks direct-deposited. Once routed to the criminal’s account, the company is on the hook for replacing the stolen funds and the employee faces the inconvenience of a late paycheck. KVC has had a few near misses, Nyberg said, but has not transferred any paychecks to scammers.

It’s a new version of wire fraud scams that have devastated businesses in recent years, and a more focused version of a series of payroll fraud crimes that the IRS warned late last year were on the rise. The fraud is growing, experts said, because it easily bypasses many existing technical controls, and the small sums stolen are inoffensive enough that they can be folded into the cost of doing business.


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: kate fazzini
Keywords: news, cnbc, companies, wire, info, deposit, targets, version, phishing, paychecks, fraud, direct, kvc, stolen, emails, payroll, scam, information, paycheck


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Daimler takes majority stake in US robotics firm as it targets autonomous truck market

German automaker Daimler, the sales leader of Class 8 tractor-trailer semis, is taking a majority ownership stake in U.S. autonomous vehicle technology firm Torc Robotics, Daimler said Friday. Torc Robotics is one of several firms developing and road testing technology for autonomous trucks. Embark and self-driving truck company TuSimple have drawn plenty of attention and venture capital money as they develop autonomous semis. “With the ever rising demand for road transportation, not the least t


German automaker Daimler, the sales leader of Class 8 tractor-trailer semis, is taking a majority ownership stake in U.S. autonomous vehicle technology firm Torc Robotics, Daimler said Friday. Torc Robotics is one of several firms developing and road testing technology for autonomous trucks. Embark and self-driving truck company TuSimple have drawn plenty of attention and venture capital money as they develop autonomous semis. “With the ever rising demand for road transportation, not the least t
Daimler takes majority stake in US robotics firm as it targets autonomous truck market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: phil lebeau, torc robotics
Keywords: news, cnbc, companies, autonomous, technology, virginia, selfdriving, daimler, robotics, targets, truck, takes, vehicle, majority, stake, company, torc, market, firm, trucks


Daimler takes majority stake in US robotics firm as it targets autonomous truck market

German automaker Daimler, the sales leader of Class 8 tractor-trailer semis, is taking a majority ownership stake in U.S. autonomous vehicle technology firm Torc Robotics, Daimler said Friday.

Neither company will disclose how much Daimler plans to invest or what percentage of Torc the German company will own.

“Torc takes a practical approach to commercialization and offers advanced, road-ready technology, plus years of experience in heavy vehicles,” said Roger Nielsen, CEO of Daimler Trucks North America, in a statement announcing the deal.

Torc Robotics is one of several firms developing and road testing technology for autonomous trucks. Embark and self-driving truck company TuSimple have drawn plenty of attention and venture capital money as they develop autonomous semis.

Torc, based in Blacksburg, Virginia, was co-founded in 2005 by CEO Michael Fleming who had entered robotic competitions while studying at Virginia Tech. Fourteen years later, Fleming’s company is considered by many to be a leader in the rapidly growing field of autonomous vehicles.

In a statement announcing Daimler’s investment, Fleming said the U.S. will be a primary target for putting self-driving semi’s on highways.

“With the ever rising demand for road transportation, not the least through e-commerce, there is a strong business case for self-driving trucks in the U.S. market,” he said. The trucking industry has become a focus of autonomous vehicle development due to several factors including the shortage of truck drivers.


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: phil lebeau, torc robotics
Keywords: news, cnbc, companies, autonomous, technology, virginia, selfdriving, daimler, robotics, targets, truck, takes, vehicle, majority, stake, company, torc, market, firm, trucks


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Here’s what investors need to know about the political calls for big tech regulation

Here’s what investors need to know about the political calls for big tech regulation4 Hours AgoFacebook is making some big changes on how it targets ads to users in the face of anger from both sides of the political aisle. Gene Munster, founder and managing partner of Loup Ventures, and Ed Lee, New York Times media reporter, join “Squawk Box” to discuss the regulations facing the tech industry.


Here’s what investors need to know about the political calls for big tech regulation4 Hours AgoFacebook is making some big changes on how it targets ads to users in the face of anger from both sides of the political aisle. Gene Munster, founder and managing partner of Loup Ventures, and Ed Lee, New York Times media reporter, join “Squawk Box” to discuss the regulations facing the tech industry.
Here’s what investors need to know about the political calls for big tech regulation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20
Keywords: news, cnbc, companies, calls, heres, regulation, investors, tech, times, targets, users, ventures, squawk, know, york, need, sides, political, big


Here's what investors need to know about the political calls for big tech regulation

Here’s what investors need to know about the political calls for big tech regulation

4 Hours Ago

Facebook is making some big changes on how it targets ads to users in the face of anger from both sides of the political aisle. Gene Munster, founder and managing partner of Loup Ventures, and Ed Lee, New York Times media reporter, join “Squawk Box” to discuss the regulations facing the tech industry.


Company: cnbc, Activity: cnbc, Date: 2019-03-20
Keywords: news, cnbc, companies, calls, heres, regulation, investors, tech, times, targets, users, ventures, squawk, know, york, need, sides, political, big


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Facebook to change its ad-targeting options to prevent discrimination

Facebook to change its ad-targeting options to prevent discrimination5 Hours AgoFacebook is making some big changes on how it targets ads to users in face of anger from both sides of the political aisle. CNBC’s Julia Boorstin reports.


Facebook to change its ad-targeting options to prevent discrimination5 Hours AgoFacebook is making some big changes on how it targets ads to users in face of anger from both sides of the political aisle. CNBC’s Julia Boorstin reports.
Facebook to change its ad-targeting options to prevent discrimination Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20
Keywords: news, cnbc, companies, discrimination, making, hours, options, targets, prevent, change, users, reports, facebook, julia, adtargeting, sides, political


Facebook to change its ad-targeting options to prevent discrimination

Facebook to change its ad-targeting options to prevent discrimination

5 Hours Ago

Facebook is making some big changes on how it targets ads to users in face of anger from both sides of the political aisle. CNBC’s Julia Boorstin reports.


Company: cnbc, Activity: cnbc, Date: 2019-03-20
Keywords: news, cnbc, companies, discrimination, making, hours, options, targets, prevent, change, users, reports, facebook, julia, adtargeting, sides, political


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Online retailer ASOS hit by teething problems at US warehouse

British online retailer ASOS said its new warehouse in Atlanta, United States, struggled to cope with demand in its second quarter, resulting in a dip in U.S. sales and adding to challenges in the French and German markets. “These delayed shipments will be recognised in (quarter three) and U.S. trading is now regaining momentum,” he said on Tuesday. “We will be increasing investment in price and marketing in the second half, particularly in France and Germany,” he said. “Given the actions we are


British online retailer ASOS said its new warehouse in Atlanta, United States, struggled to cope with demand in its second quarter, resulting in a dip in U.S. sales and adding to challenges in the French and German markets. “These delayed shipments will be recognised in (quarter three) and U.S. trading is now regaining momentum,” he said on Tuesday. “We will be increasing investment in price and marketing in the second half, particularly in France and Germany,” he said. “Given the actions we are
Online retailer ASOS hit by teething problems at US warehouse Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: bloomberg, getty images
Keywords: news, cnbc, companies, online, group, growth, retailer, asos, trading, performance, warehouse, teething, hit, million, germany, problems, sales, second, targets, quarter


Online retailer ASOS hit by teething problems at US warehouse

British online retailer ASOS said its new warehouse in Atlanta, United States, struggled to cope with demand in its second quarter, resulting in a dip in U.S. sales and adding to challenges in the French and German markets.

Chief Executive Nick Beighton said the company’s U.S performance was behind plan because higher-than-expected demand at its new facility caused a significant short-term despatch backlog, which had now been cleared.

“These delayed shipments will be recognised in (quarter three) and U.S. trading is now regaining momentum,” he said on Tuesday.

Beighton said ASOS, which targets style-conscious twenty-somethings, continued to outperform in Britain, with sales growth of 14 percent in the quarter, but its two biggest markets in continental Europe – France and Germany – continued to be challenging.

“We will be increasing investment in price and marketing in the second half, particularly in France and Germany,” he said. “Given the actions we are taking together with an improving U.S. performance, we believe the group will deliver stronger growth in the second half.”

He said he was confident the group would meet the full-year targets it lowered in December, when it cut its sales growth forecast to 15 percent and its earnings before interest and tax (EBIT) margin target for the year to around 2 percent, blaming a poorly executed Black Friday promotional campaign.

ASOS reported total retail sales up 11 percent in constant currency to 641.3 million pounds ($850.4 million) in the quarter to February 28.

The retailer’s shares were trading 5.3 percent lower on Tuesday morning.


Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: bloomberg, getty images
Keywords: news, cnbc, companies, online, group, growth, retailer, asos, trading, performance, warehouse, teething, hit, million, germany, problems, sales, second, targets, quarter


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Generali beats 2018 targets despite ‘challenging’ Italian market, raises dividend

“But when people do not invest because the economy is not growing, the life insurance business and asset management is growing.” Donnet also claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors. Generali has reserved up to 4 billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia. Clarification: This story has been updated to reflect that Donnet claimed that Generali’s 59 billion euros in Ital


“But when people do not invest because the economy is not growing, the life insurance business and asset management is growing.” Donnet also claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors. Generali has reserved up to 4 billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia. Clarification: This story has been updated to reflect that Donnet claimed that Generali’s 59 billion euros in Ital
Generali beats 2018 targets despite ‘challenging’ Italian market, raises dividend Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: reuters with cnbccom, pier marco tacca, getty images
Keywords: news, cnbc, companies, management, euros, despite, 2018, generalis, growing, targets, dividend, billion, market, business, beats, reflect, raises, generali, challenging, btps, economy, italian


Generali beats 2018 targets despite 'challenging' Italian market, raises dividend

Europe’s third-largest insurer said it would pay a dividend of 0.90 euros per share, up from the previous year’s 0.85 euros.

When it came to a potential European slowdown in 2019, however, Donnet said Generali was not concerned. He explained that people sought out the solutions Generali provided whether the economy was booming or lagging.

“Our business is very resilient, because when people do invest and the economy is growing, the property and casualty business is growing,” he said. “But when people do not invest because the economy is not growing, the life insurance business and asset management is growing.”

However he noted heavy competition in its domestic market, especially with motor insurance, adding that it was “challenging.”

“In Italy and France, by the way, we had to face very important claims … which obviously had a significant impact on the operating result,” he added.

Donnet also claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors.

“(Investors) do not struggle any more on this — we have demonstrated that we have a strong capital position. We have further increased our solvency ratio by 9 percentage points, so our exposure to BTPs is no longer an issue,” he told CNBC.

Generali has reserved up to 4 billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia.

Clarification: This story has been updated to reflect that Donnet claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors. The headline has also been changed on this story to more accurately reflect Generali’s earnings release.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: reuters with cnbccom, pier marco tacca, getty images
Keywords: news, cnbc, companies, management, euros, despite, 2018, generalis, growing, targets, dividend, billion, market, business, beats, reflect, raises, generali, challenging, btps, economy, italian


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